Conservatives backed criminal justice reforms in hopes of driving down corrections costs and state budgets. A lot of violent and repeat offenders would have to be released to achieve real savings.
Innovators, investors and practitioners are on the hunt for fruitful applications of blockchain and other evolving financial technology. Undoubtedly some of their ambitions will involve government finance. Which ones might actually pan out?
At least 20 of the nation’s 25 largest cities face budget gaps in 2026. As cities lean on reserves and costs outpace revenues, experts warn state flexibility will be critical.
No matter where they end up, import taxes aren’t likely to drive inflation enough to have much effect on state or local tax revenues. Public financiers have more to think about amid federal aid cutbacks, AI's impact on employment and rate-cutting by the Fed.
Colorado’s “rolling conformity” with the federal tax code, coupled with sweeping tax breaks enacted by Congress, triggered a sudden revenue loss.
Here are three of the latest takeaways from the agency’s efforts to rid the state of what it calls “egregious” government waste.
The mayor is facing a more than $1 billion budget deficit and has already disavowed a property tax hike.
With little public detail about its methods or goals, the governor’s new investigative unit raises questions about transparency, political intent and the future of local oversight.
Groups focused on food security are scrambling following the cancellation of federal programs supporting purchases from local farmers.
Pension funds enjoyed enormous stock market returns during the pandemic but slower gains and underfunding has increased their liabilities.
Tucked into President Donald Trump’s sweeping tax and spending bill, the new rural health fund has state leaders rushing to design plans. But clinic advocates worry vague guidance and uneven distribution could dilute its impact.
But tariffs and deportations threaten economic damage in the Southeast United States.
Phone lines that provide mental health support to tens of thousands of Californians say they are on the verge of shutting down or dramatically scaling back as a result of cuts in the state’s new budget.
States are expecting flat revenues and increasing costs in this new fiscal year. They’ll face hard choices even if Congress does not cut major aid programs.
States are spending 15 percent of their home-generated revenue on the program, seeing their largest cost increases in 20 years.
Now 25,000 members strong, financially secure and long blessed with thoughtful leadership, the Government Finance Officers Association is poised to address the challenges to come for those who manage the public purse.
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